Article: Medical scheme under fire.(News)

BYLINE: Laura du Preez

An investigation has been ordered into the the country's third largest medical scheme, Bonitas Medical Fund, as well as into the scheme's administrator, Medscheme, after Bonitas allegedly used members' money for an incomplete property development and other investments.

It is alleged that Bonitas, which has 500 000 members, has put about R80 million of their money at risk.

The inquiry into the activities of the principal officer and trustees of the scheme will extend to the role of Medscheme in making irregular payments for the property development on behalf of the scheme.

It will also look into whether Medscheme, ...

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